Meesho faces Rs 1,500 cr income tax demand

New Delhi: E-commerce firm Meesho has received an income tax demand notice of about Rs 1,500 crore, including interest, which the company plans to contest, according to a recent company filing. Meesho received the notice on March 6 for the assessment year 2023-24. “The Assessment Unit of Income Tax Department has raised a tax demand aggregating to Rs 14,99,73,82,840, including applicable interest,” the filing said.

The company said the demand order is based on certain additions and adjustments made to the income reported by it. “The company is currently evaluating the Assessment Order and does not concur with the observations and adjustments made in the Assessment Order. The company believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest,” Meesho said. The e-commerce firm added that a similar demand order was issued for assessment year 2022-23, which was disclosed in detail in its prospectus filed on December 5, 2025. The Karnataka High Court, by an order dated April 17, 2025, had granted an interim stay on that demand notice, and the matter is currently pending.